Ind. Utility Gets OK For $511M Enviro Upgrades To Plants

Law360, Washington (August 15, 2013, 4:33 PM EDT) -- Indianapolis Power & Light Co. announced Thursday that it received state approval to spend $511 million on environmental upgrades to two coal-fired power generating plants, but the state energy regulator's approval also came with an adjustment to its proposed rate hikes that will help pay for the plans.

While Indiana Utility Regulatory Commission signed off on IPL's plan to reduce mercury emissions from the Petersburg and Harding Street plants by up to 80 percent using new environmental controls, the commission noted it would take the opportunity...